Gulf Island Fabrication (NASDAQ:GIFI) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Gulf Island Fabrication (NASDAQ:GIFI) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Gulf Island Fabrication Stock Performance

Shares of GIFI opened at $6.68 on Wednesday. The company has a market capitalization of $109.19 million, a PE ratio of 6.36 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.50 and a current ratio of 4.61. The company’s 50 day moving average price is $6.78 and its 200 day moving average price is $6.42. Gulf Island Fabrication has a 52 week low of $5.12 and a 52 week high of $7.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GIFI. Jane Street Group LLC acquired a new stake in shares of Gulf Island Fabrication during the 4th quarter valued at about $83,000. Perritt Capital Management Inc raised its position in Gulf Island Fabrication by 25.0% during the fourth quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company’s stock valued at $170,000 after acquiring an additional 5,000 shares in the last quarter. Empowered Funds LLC acquired a new stake in Gulf Island Fabrication in the fourth quarter valued at approximately $180,000. Marshall Wace LLP bought a new stake in Gulf Island Fabrication in the fourth quarter worth approximately $219,000. Finally, 4WEALTH Advisors Inc. acquired a new position in shares of Gulf Island Fabrication during the 4th quarter worth $261,000. Hedge funds and other institutional investors own 46.40% of the company’s stock.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.